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He has founded and operated a number of food product companies in Southall, London, specialising in Indian cuisine. His main business has been Noon Products, which he established in September 1987, manufacturing chilled and frozen ready meals, predominantly for UK supermarkets, mainly in the Indian and Thai ready meal categories. In 2005 Noon Products was taken over by Irish food conglomerate Kerry Group. In 1994 a fire in his factory destroyed everything, however within 10 weeks of this fire the company had begun selling its products again. He kept all his staff in employment during this period.[citation needed]

In March 2006 he came to wider notice as one of the businessmen embroiled in the "Cash for Peerages" scandal when it emerged that he had loaned £250,000 to the Labour Party. He was given an MBE for services to the food industry in 1994 (under a Conservative government) and knighted in 2002. It was widely implied[by whom?] that Sir Gulam had been given a knighthood, and promised a further peerage, in return for lending money to and hosting fundraisers for the Labour Party.

"Indian Muslims have refused to bury the nine dead terrorists. They are still in the mortuary. It is a good symbolic message for the rest of secular India." "Now Britain needs to get tough with the radical imams. We have the power to do something."[10]

He also called for Britain to toughen measures against extremist Muslim preachers, and said that the door was open for foreign imams to radicalise young Muslims in mosques across Britain:

"Having seen what I saw at close quarters, the indiscriminate violence and pain inflicted in the name of my religion, I am astounded that I hear from friends in the community that radical preachers are still coming to this country and praising attacks by Al-Qaeda and suicide missions. There is a limit to free speech. Extremists who preach their approval of suicide bombers should be sent back to their country of origin."[11]